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EconPulse

Local economy signal dashboard

Saved
PLACEThriving

Palm Shores, FL

Thriving overall. Jobs is the clearest support signal, while population needs the most attention. Housing reads as unavailable for a median-income household.

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Overall score77out of 100
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89
100
0
NA
100

Population

1,458

Data freshness

Unknown

GDP / Output

+7.1% YoY

89

$43.5B

Output changed +7.1% in 2024.

Vintage date unknown

State growth6.3%
U.S. growth5.3%

Jobs

Unemployment rate

100

1.7%

Unemployment is 1.7% for Latest available.

Vintage date unknown

State avg4.8%
U.S. avg5.2%

Population

-10.1% 5-year

0

1,458

Population moved -10.1% over the latest ACS window.

Vintage date unknown

State population22,416,077
U.S. population334,922,499

Housing

Rent share of income

NA

Unavailable

Housing affordability could not be calculated.

Vintage date unknown

State rent$1.7K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$22.2K per resident

100

$13.4B

$13.4B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$325.0B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$13.4B

$22.2K per resident in reported federal flow.

Top agencies

Dollars
1. Department of Defense$5.3B
2. Social Security Administration$4.4B
3. National Aeronautics and Space Administration$1.3B

Top recipients

Dollars
1. LOCKHEED MARTIN CORPORATION$2.0B
2. NORTHROP GRUMMAN SYSTEMS CORPORATION$1.3B
3. SPACE EXPLORATION TECHNOLOGIES CORP.$673.7M

Unavailable

Housing Affordability

Unavailable

of median income

1BR estimateUnavailable
2BR estimateUnavailable
Median income$77,500
Median home value$351,600

ACS context

Quick Facts

Population

1,458

Median age

44.9

Bachelor's degree+

31.4%

Poverty rate

6.2%

Labor force participation

66.3%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-2.1%

GDP CAGR

+8.9%

Federal flow

5 years

Population (5 years)
20201,622
20211,637
20221,577
20231,479
20241,458
GDP (5 years)
2020$28.4B
2021$32.4B
2022$36.4B
2023$40.6B
2024$43.5B

2-year linear forecast

Predictive Outlook

Population forecast

20241,458
20251,409 *
20261,360 *

R² = 87.9% · * projected

GDP forecast

2024$43.5B
2025$47.8B *
2026$51.6B *

R² = 99.7% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$77,500/yr
Est. mortgage (30yr, 6.5%)$21,335/yr
Mortgage share of income27.5%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate1.7%
State avg4.8%
U.S. avg5.2%
Labor force participation66.3%
Poverty rate6.2%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$351,600

composite score

Investment Climate

Investment climateStrong
Composite score71/100
Economic growth89/100
Labor market100/100
Population momentum0/100
Overall stability77/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Palm Shores town, Florida

City/Town

Part of

Palm Bay-Melbourne-Titusville, FL

Nearby locations

South Patrick Shores, FLSatellite Beach, FLPatrick AFB, FLIndian Harbour Beach, FLMelbourne, FL